This is with regard to query relating to tax treatment of Employee Provident Fund balance. I worked in MNC for almost 2 years and had accumulated EPF balance of around 70K.
Currently working as consultant in Audit firm (where there is no requirement of EPF)
So Please clarify the below issues
If the EPF balance is withdrawn, then what rate of tax will be applicable 10%, 20% or 30%?
If i wish not to withdraw the EPF (for tax saving), then what procedures should be followed?
Please let me if there is any best approach to be followed to avoid tax.

1st April 2013 From India, Kalyan
Best method: Get it transferred to your other PF. There’s no tax on inter transfer...
18th April 2013 From India, Gurgaon
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses from top institutes like IIM / XLRI direct to device (online digital learning)




About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™